How to Stake Amp (AMP) in Australia

Introduction

Staking Amp can be a great option for those who want to hold AMP while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Amp (AMP) Tokens

   To stake Amp, you need to own it. To obtain Amp, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Binance	Amp (AMP)	0
   Coinbase	Amp (AMP)	0
   Uphold	Amp (AMP)	0
   BingX	Amp (AMP)	0
   Bitget	Amp (AMP)	0
   Bitmart	Amp (AMP)	0

   See all 27 prices

2. 2. Choose a Amp Wallet

   Once you have AMP, you'll need to choose a Amp wallet to store your tokens. Here are some great options.

3. 3. Delegate Your AMP

   We recommend using a staking pool when staking AMP. It's simpler and quicker to get started. A staking pool is a group of validators who combine their AMP, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Amp network. You'll be rewarded with AMP for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.